Sophia Sommer

(602) 512-9825
The Sommer Group
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$555,433$555,433$1,529,910
Remaining term (yrs)20.320.330.0
Secondary amount$0$974,477$0
Funding fee$2,777$2,777$0
Note rate4.100%4.100%7.400%
Blended rate4.100%6.425%7.640%
1st payment$3,350.45$3,350.45$10,592.79
2nd payment$0.00$6,293.50$0.00
Taxes / mo$414.75$414.75$414.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$305.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,981.87$10,275.36$11,530.19
Cash to close$1,144,467$169,990$169,990